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GRAND RAPIDS DOWNTOWN MARKET, INC. 401(K) PLAN 401k Plan overview

Plan NameGRAND RAPIDS DOWNTOWN MARKET, INC. 401(K) PLAN
Plan identification number 001

GRAND RAPIDS DOWNTOWN MARKET, INC. 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

GRAND RAPIDS DOWNTOWN MARKET, INC. has sponsored the creation of one or more 401k plans.

Company Name:GRAND RAPIDS DOWNTOWN MARKET, INC.
Employer identification number (EIN):454492691
NAIC Classification:531390
NAIC Description:Other Activities Related to Real Estate

Form 5500 Filing Information

Submission information for form 5500 for 401k plan GRAND RAPIDS DOWNTOWN MARKET, INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01ASHLEY SIETSEMA2024-07-11
0012022-01-01MARGARET KWIATKOWSKI2023-10-15
0012021-01-01MARGARET KWIATKOWSKI2022-09-26
0012020-01-01SARAH BOKINA2021-06-08
0012019-01-01
0012018-01-01SARAH BOKINA2019-08-06
0012017-01-01MIMI FRITZ2018-08-06
0012016-01-01JIM PIKE2017-09-14
0012015-01-01MIMI FRITZ2016-08-09
0012014-01-01MIMI FRITZ2015-06-27
0012013-01-01MIMI FRITZ2014-07-24

Financial Data on GRAND RAPIDS DOWNTOWN MARKET, INC. 401(K) PLAN

Measure Date Value
2025 : GRAND RAPIDS DOWNTOWN MARKET, INC. 401(K) PLAN 2025 401k financial data
Total transfers to/from plan in this plan year2025-05-010
Total liabilities as of the end of the plan year2025-05-010
Total liabilities as of the beginning of the plan year2025-05-010
Total expenses incurred by plan in this plan year2025-05-0116514
Net assets as of the end of the plan year2025-05-01928415
Total assets as of the beginning of the plan year2025-05-01684248
Value of plan covered by a fidelity bond2025-05-015000000
Participant contributions to plan in this plan year2025-05-01100345
Other expenses paid from plan in this plan year2025-05-010
Other contributions to plan in this plan year2025-05-010
Other income to plan in this plan year2025-05-0195805
Plan net income in this plan year2025-05-01244167
Net assets as of the end of the plan year2025-05-01928415
Net assets as of the beginning of the plan year2025-05-01684248
Employer contributions to plan in this plan year2025-05-0164531
Expensese paid to adminstrative service provicers from plan in this plan year2025-05-017983
2024 : GRAND RAPIDS DOWNTOWN MARKET, INC. 401(K) PLAN 2024 401k financial data
Total transfers to/from plan in this plan year2024-07-110
Total liabilities as of the end of the plan year2024-07-110
Total liabilities as of the beginning of the plan year2024-07-110
Total expenses incurred by plan in this plan year2024-07-1123055
Net assets as of the end of the plan year2024-07-11684248
Total assets as of the beginning of the plan year2024-07-11458169
Value of plan covered by a fidelity bond2024-07-115000000
Participant contributions to plan in this plan year2024-07-1198484
Other expenses paid from plan in this plan year2024-07-110
Other contributions to plan in this plan year2024-07-110
Other income to plan in this plan year2024-07-1195450
Plan net income in this plan year2024-07-11226079
Net assets as of the end of the plan year2024-07-11684248
Net assets as of the beginning of the plan year2024-07-11458169
Employer contributions to plan in this plan year2024-07-1155200
Expensese paid to adminstrative service provicers from plan in this plan year2024-07-118524

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